JAKARTA - Minister of State-Owned Enterprises (BUMN) Erick Thohir conveyed the growth of SOE performance in 2020 and 2021 in the midst of the COVID-19 pandemic.
In the next month, said Erick, the Ministry of SOEs for the first time in history will issue a consolidated BUMN report.
As a preliminary picture, Erick said that the transformation of SOEs supported by Commission VI of the DPR showed results in terms of overall performance improvement.
This can be seen from the total state-owned assets growing from IDR 8,312 trillion in 2020 to IDR 8,978 trillion in 2021, an increase of eight percent.
"Then operating income, Alhamdulillah, from IDR 1,930 trillion, it rose 19 percent to IDR 2,292 trillion. This means that this is similar to the situation before COVID, so sales have returned to normal," said Erick during a working meeting (raker) with Commission VI DPR at the DPR Building, Jakarta, Thursday, September 8.
Then, continued Erick, the consolidated net profit of SOEs also increased very significantly from Rp13 trillion in 2020 to Rp125 trillion in 2021.
With the efficiency and improvement of the business model, Erick hopes that the net profit in 2022 will reach IDR 144 trillion.
In addition, Erick also explained that the total debt of BUMN consolidated funding in 2021 is IDR 1,580 trillion or only 36 percent of embedded investment (equity capital plus funding debt) in SOEs with IDR 4,358 trillion.
"So the condition is healthy. We are indeed focusing on investment funding debt because we want to ensure that these debts have a good return or return. We can also see that the funding debt for EBITDA has decreased from the ratio of 4.26 to 3.37," he said.
Erick said, the lower the debt-to-EBITDA ratio, the higher the company's ability to pay off debt.
Meanwhile, the dividend realization in the 2022 budget year has reached IDR 39.7 trillion or larger than the initial target of IDR 36.4 trillion.
He targets that SOE dividend deposits will continue to increase to IDR 43.3 trillion in 2023.
To achieve this target, Erick said efficiency, effectiveness, and improvement of the business model continue to be carried out.
"Untuk dividend 2023 kita akan naik ke Rp43,3 triliun dan kita optimistis di 2024 pun akan lebih dari Rp43 triliun. Jadi ada kenaikan yang bergengjang dan kalau kita lihat Rp43,3 triliun ini angka sebelum COVID. Jadi dengan segala yang kita lakukan, baik penutupan, merger dan lain-lain, kita bisa lihat angkanya sudah mulai kembali seperti sebelum COVID," pungkas Erick.
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